Plan Ledger DOL Form 5500 · updated monthly

Eastern Bank401(k)

EASTERN BANK 401(K) PLAN · BOSTON, MA · plan year 2025

Reported admin expense ratio · 2025
0.10%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Eastern Bank reported $346,398 in plan administrative expenses for 2025: 0.10% of average plan assets, above the peer median. Employer contributions averaged $2,265 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.08% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 230 comparable plans and shown alongside other finance & insurance employers. By assets it is the 145th-largest of 2,726 plans among Massachusetts employers on file, and the 376th of 4,798 in finance & insurance. In 2025, employees put in $2.62 for every $1.00 the employer contributed; active participation has grown from 2,040 to 2,491 since 2022.

Plan summary
Net assets, end of year$381,419,280
Participants with balances3,018
Active participants2,491
Employer contributions$5,641,408
Employee contributions$14,802,589
Employer contribution per active participant$2,265
Average account balance$126,381
Benefits paid to participants$35,872,321
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$381.4M · 3,018 accts · $5.6M emplr
2024$343.6M · 2,643 accts · $4.9M emplr
2023$327.2M · 2,686 accts · $5.2M emplr
2022$295.6M · 2,662 accts · $5.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$241,038
Investment management$85,934
Total administrative$346,398
The Eastern Bank 401(k) match · 2025
Employer contribution per active participant$2,265
Median for plans this size$4,295
2025$2,265 per active participant
2024$2,529 per active participant
2023$3,053 per active participant
2022$2,492 per active participant

Eastern Bank's 2025 employer contribution ran below the $4,295 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$241,038
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$85,934

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Empower
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$346,398 · 0.10%
2024$319,602 · 0.10%
2023$313,710 · 0.10%
2022$259,673 · 0.08%
All plans at this employer3
EASTERN BANK 401(K) PLAN401(k)
EASTERN BANK EMPLOYEE STOCK OWNERSHIP PLANESOP
SBERA 401(K) PLAN AS ADOPTED BY CENTURY BANCORP, INC.401(k)
Same employer
Similar plansFinance & Insurance · Massachusetts
Bain Capital, LP MA$389.8M · 0.03%
Cambridge Associates, LLC MA$366.4M · 0.05%
Mercer Investments, LLC MA$319.9M · 0.66%
Rockland Trust Company MA$300.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043067724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.